Fannie Mae tries out zero-down mortgages

Article Abstract:

The Federal National Mortgage Assn, a goverment-chartered private corporation, has begun purchasing home loans that cover 100% cost, spurred by demands from lenders who are its clients. The practice of purchasing zero-down mortgages will only be implemented by the company on a limited, trial basis with a select group of lenders, which the company is yet to disclose.

Depository Credit Intermediation, Services information, Rediscount Institutions, Fannie Mae Corp.

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Home sales rocket on low-interest fuel

Article Abstract:

The author examines the steady increases in home purchasing. Topics include U.S. economic conditions, home buying, fixed and adjustable rate mortgages and the surveys of the real estate industry.

Mortgages, Other Activities Related to Real Estate, REAL ESTATE, Real Estate Services, Real estate industry, Surveys, Economic conditions, House buying, Home buying, Fixed rate mortgages, Adjustable rate mortgages

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